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Honda Fit Prices Paid and Buying Experiences

1755 messages,  Last post on Aug 29, 2008 at 10:23 PM

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What is this discussion about? Honda Fit, Hatchback, Wagon


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#1597 of 1755
Dealer Markups on Fit by crazedcommuter
Jun 15, 2008 (8:13 am)
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Replying to: tiff_c (Jun 14, 2008 10:11 pm)

You're lucky that your dealer only marks up $400. I just came back from a test drive of a Fit Sport Auto with my 19 yr. old son who is going to be buying his first new car. Hagerstown Honda in Hagerstown, MD is the closest Honda dealer and the Fit is on his list of cars. I was appalled to see that Hagerstown Honda has added $1799 "Appearance Packages" to all Fit and Civics. The sales person tried to extol the virtues of the teflon sealant and the scotch guarding. I balked at the add-on and then the salesperson stated that the dealership has added the markup to help offset the "delivery fee" and the depreciation of the gas guzzlers that they have taken in on trade. So a buyer already pays $650 bucks delivery and now Hagerstown Honda is trying to get another $1799 extra as well make a cunsumer pay for their business losses. What they're really doing is bilking the customer that wants to downsize to a smaller, efficient car.
 
I was offered a "special deal of $500 off the price if I buy today. I stated that I will pay MSRP but not any of the $1799 bilking. The cars were still in their shipping wrappers with plastic on the seats, so it's not like I was trying to get something for nothing. They wanted to do the 3 hour negotiation tap dance, so I walked out and began the search for another dealer and a different car. My experience with Hagerstown Honda has proved to be very poor and am appalled that Honda Corporate tolerates this price gouging from its dealers.
#1598 of 1755
Re: Dealer Markups on Fit [crazedcommuter] by watsac
Jun 15, 2008 (9:37 am)
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Replying to: crazedcommuter (Jun 15, 2008 8:13 am)

crazedcommuter - I know it's a bit of a drive but you might do better if you try out some of the Honda dealerships that are closer to Baltimore. I closed a great deal last weekend on a base Fit for about $400 below MSRP at Northwest Honda in Owings Mills, MD. We're not supposed to post salesman names or contact info on this forum but if you post your email address, I will reply directly with his name and contact info. He was very professional and because we did all the price work by email up front, it was just a matter of showing up and taking delivery. In other words, NO 3 hour negotiation tap dance!
#1599 of 1755
Re: Insane Prices on Fits [tiff_c] by isellhondas
Jun 15, 2008 (9:41 am)
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Replying to: tiff_c (Jun 14, 2008 10:11 pm)

" Until teh car is at invoice price I won't buy it"
 
You will probably be waiting a LONG time.
 
We wold gladly pay any dealer more than that for any they would sell us.
 
Not every car has to be given away in order to sell.
#1600 of 1755
Here's another story hyping the move to small cars and driving up the price by watsac
Jun 15, 2008 (9:46 am)
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Replying to: watsac (Jun 15, 2008 5:02 am)

Here's another story hyping the move to small cars and driving up the prices
 
http://www.usnews.com/blogs/flowchart/2008/5/16/why-small-cars-are-a-smart-buy.h- tml
#1601 of 1755
Re: Here's another story hyping the move to small cars and driving up the price [watsac] by backy
Jun 15, 2008 (9:56 am)
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Replying to: watsac (Jun 15, 2008 9:46 am)

The article isn't what's driving up prices of small cars like the Fit. It's all the people suddenly realizing that small is good and buying them that has caused the prices to jump. A simple case of supply and demand. Those of us who were driving and buying cars in the '70s have seen this before--additional dealer markups and all. Same old, same old. Fortunately, now there's more of a selection of good small cars to choose from than in the '70s.
#1602 of 1755
Re: Here's another story hyping the move to small cars and driving up the price [backy] by watsac
Jun 15, 2008 (11:26 am)
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Replying to: backy (Jun 15, 2008 9:56 am)

I agree...I also lived thru the '70s; this gas thing is like back to the future for me. Problem today is most people have no mind of their own and they rely on empty magazine articles like the one above to teach them 'common sense'. And then, like a bunch of lemmings, they all go out and do what the article tells them to do. Ironically, the '70s were better from the perspective that we had no method such as the internet to broadcast information to the masses. Which meant you had to learn the facts and think for yourself. Then you ran out and bought a Toyota Corona only to have your neighbor call you a communist for not buying American.
#1603 of 1755
Re: Insane Prices on Fits [watsac] by tiff_c
Jun 16, 2008 (2:18 pm)
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Replying to: watsac (Jun 15, 2008 5:02 am)

Not trying to be this up, but there's a good intro on wikipedia (link title) as to the fundamentals of what happens to the price (P) of a product as the demand (D) increases and the supply (S) remains fixed. If nothing else,
 
Oh I understand supply economics well enough. But this is brought on by panic due to high fuel costs. The end of the matter is that my wife isn't going to get a 2008 Fit.
Also I'd like to point out that if you do this in a time of emergency it's called profiteering and is a criminal act. Try charging a lot more for food during a food shortage and see what happens.
Car dealers make an enormous profit in many ways. They don't have simple math for how they make a profit. I'm just going to drive my wife back and forth to work and save more money.
People have long memories when it comes to car dealers ripping them off and taking advantage of a situation.
I might buy a Prius instead of a Fit at least I can recoup most of the money in the Prius and the Fit does not get as good a fuel economy as the Civic LX/EX. Honda will make more cars but they are afraid gas will come down and they won't be able to give the cars away. Kind of like Trucks an SUV's right now.
#1604 of 1755
Re: Insane Prices on Fits [isellhondas] by tiff_c
Jun 16, 2008 (2:27 pm)
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Replying to: isellhondas (Jun 15, 2008 9:41 am)

" Until the car is at invoice price I won't buy it"
  
You will probably be waiting a LONG time.
  
We wold gladly pay any dealer more than that for any they would sell us.
  
Not every car has to be given away in order to sell.

 
You are a car dealer, obviously you will take that attitude.
Just remember we do remember who treats us well and who doesn't. Times will change and even if economy cars are here to stay the way we are treated now and the deals we do or don't get could cause us to switch brands. You are a car dealer might nor care but believe me the manufacturers do care. Oh not 1 or 2 sales but losing customers is usually a matter of attitude and perception. Honda has been good to me but I owe Honda nothing. It won't be long before there are a lot of good economy car choices.
Then you will be glutted again and having to sell below MSRP.
Personally I hope all the trucks and SUV's on dealers lots regardless of brand, rust away for years with no sales. I remember when Honda was gouging on CRV's, S2000's and same with Mitsubishi and Toyota on certain models.
Car dealers and sales people get no sympathy from me nor do they ever give any.
#1605 of 1755
Re: Insane Prices on Fits [tiff_c] by isellhondas
Jun 16, 2008 (3:08 pm)
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Replying to: tiff_c (Jun 16, 2008 2:27 pm)

I don't think anyone wants your sympathy.
 
I responded to a poster that said he/she wouldn't buy a Fit unless they could buy one for a dealer's invoice.
 
That is highly unlikely to happen in this current market. that was my point.
 
It's not the dealers (or the customers) that determine the market. It's the market itself. So, you will be happy to see the big trucks sit and rust away but you consider it "gouging" when a dealer can make a decent profit on a small car that does sell well?
 
I remember when people were paying 5000.00 over MSRP for PT Cruisers!
 
Were they being cheated? Of course not! That was the market on them at that time. They were happy to pay the price to get the car they wanted.
 
Now, they can't give those things away. The market turned quickly as the novality of these repackaged Neons wore off! Funny how that works!
#1606 of 1755
Re: Insane Prices on Fits [isellhondas] by watsac
Jun 16, 2008 (5:23 pm)
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Replying to: isellhondas (Jun 16, 2008 3:08 pm)

tiff c - Buy it / Don't buy it - it's always a choice and it's YOUR choice; nobody is making you buy the car. But remember that your decision (to buy or not buy) along with the decisions of millions of other Americans will shape the 'demand' side of the market. If everyone could just take a deep breath and resist the urge to get all caught up in this hype, I predict that the panic will subside in a few months (after the lemmings have made their purchases) and prices for small, high MPG cars (like the Honda Fit) will return to what is "normal" for a low margin vehicle.
 
Now having said all of that, it still pisses me off when I hear that a dealer wants to bend someone over as a knee jerk reaction to make an extra buck during tough times. Just walk away from that dealer and tell your neighbors to do the same.

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